The Italian government plans to extend the reduced excise tax on fuel — Bloomberg
The cabinet of Italian Prime Minister Giorgia Meloni has begun work on extending the reduced fuel tax.
A knowledgeable Italian official told Bloomberg about this.
This move is aimed at stabilizing the domestic market and supporting the population amid ongoing economic turbulence.
Last month, the Italian government introduced a €0.25 reduction in the fuel excise tax.
This decision was a response to the rapid rise in prices caused by the destabilization of the situation due to the war in the Middle East, which directly affects Europe’s energy security.
Currently, this temporary social measure is set to expire on April 7.
Therefore, Giorgia Meloni is seeking to promptly extend the tax relief to prevent a sharp spike in gasoline and diesel prices for end consumers.
The Prime Minister is in close contact with Finance Minister Giancarlo Giorgetti. The parties are working out the technical details and seeking the necessary budgetary resources to cover the costs.
The issue of funding remains key to the implementation of this plan.
Italy’s economy, like that of many other EU countries, is under serious pressure due to military conflicts that are disrupting the usual energy supply chains.
Extending the tax holiday is intended to serve as a safeguard against inflation and a decline in citizens’ purchasing power.
As a reminder, Brussels is demanding that Slovakia abolish higher fuel prices for foreigners.
Additionally, as of April 1, 2026, the largest gas station chains in Ukraine have updated their fuel prices.
